Zerodegrees, the microbrewery, pub and restaurant operator, has reported an increase in full-year pre-tax profit despite a slight decline in turnover.

The four-strong company, which was founded in 2000 by Dipam Patel and Nick Desai, saw pre-tax profit for the year to 31 March 2012 climb from £94k to £117.9k, while turnover fell from £3.9m to £3.8m. Profit for the year dropped from £116k to £74.8k.

Earlier this year, the group said it planned to stretch its brand by selling its own range of craft beers though other businesses in and around Bristol and Bath.

The company has teamed up with design company Think Drinks to work on the pilot programme of launching its own label products from its Bristol outlet before expanding the project to its other three sites.

The group opened its last site in Cardiff in 2008 and currently has no plans to add further units to its estate, which also includes venues in Reading and Blackheath.